Category FAQs Search : Statutory Body Strategic Management Division (SBM)
Question: What is the purpose of establishing Federal Statutory Bodies?
Answer: Federal Statutory Bodies have played an important and distinct role in advising government and delivering services to the public. They are normally established to carry out tasks which it would be inappropriate for legal or other reasons for government departments to do. In essence, the objectives of establishing Federal Statutory Bodies are:
i. They are the best and most cost-effective way in which to deliver some of public services;
ii. They can focus in depth on clear and specific functions and purposes;
iii. They can operate with a degree of independence from government, and provide expert independent advice on technical, scientific or other complex or sensitive issues;
iv. They can operate flexibly, in ways that may not be open to government departments – for instance, in building partnerships with other organizations and taking commercial and entrepreneurial decisions;
v. It allow public sector to benefit from the skills, knowledge, expertise and commitment of the lay people who sit on the Federal Statutory Bodies’ boards.
(Source: Official Portal of Ministry of Finance, 05 Feb 2025)
Source Link: https://www.mof.gov.my/portal/pdf/bahagian/sbm/faq-en.pdf